Business headlines today

*Here are some business stories that made headlines during the week for your update...* Lagos to create 900000 jobs, seals N47bn bond deal NEITI indicts NNPC, NPDC for non-remittance of $4.7bn, N380bn N25bn ETF: Lagos approves fund for 281 micro enterprises Nigerian Navy destroys 70000 of litres of diesel in Rivers Jet-A1 crisis: Local airlines can't pay for aviation fuel – NNPC Harmattan Haze: NAMA says navigational aids are been upgraded FX crisis: Collapse of Nigeria's N19 billion tomato paste industry looms, Operators warn Buhari: I opposed devaluation in 1984 and was overthrown NNPC failed to remit $15.8bn to federation account as at 2014, says NEITI High cost ‘stops’ CBN from printing small naira denominations BDC operators’ president ‘worried and disturbed’ as naira plunges to 490/$ N6m fine: NCAA acted unprofessionally, says Arik NSE market indicators record 0.34% growth FG urged to review airport charges to save airlines from extinction Naira among four worst global currencies in 2016 CBN sells $1bln to help clear backlog in biggest dollar sale since June Aliko Dangote lost $4.9 billion in 2016 Foreign reserves rise by $860 million, hit $25.4 billion Naira exchanges for N490 per dollar at parallel market Arik blasts NCAA over announcement of N6m fine 2017 Budget: FG to conduct statistical surveys with N947m NAICOM to use stockbrokers as referral agents Nigeria loses N94bn to gas flaring in four months NNPC gets 30 per cent discount on contracts after renegotiations SEC suspends Heritage Capital over unauthorised shares sale AEDC set to meter 500,000 customers at $150m Nigeria’s oil reserve now 37bn barrels – NNPC Petroleum marketers seek Buhari’s intervention in bridging refund, diesel price Rivers Assembly passes N470b 2017 budget into law Ambode says Lagos will become Africa’s third largest economy Manual clearing raises cost of importation by 50% say importers CBN sells N40bn treasury bills Nigeria’s Crude Oil Reserves Rise to 37bbls Commercial quantity of coal discovered in Sokoto - Sokoto FG fails to renew insurance of civil servants, others as year ends FG saves N200bn from 50,000 ghost workers in 2016 Budget 2017: Power gets N69.96bn FG to spend N1.9bn on sewage, fumigation in 2017 Nigeria’s steel sector gets $100m Chinese investment Consumer Price Index Rises By 92% in 2016 Vehicle Importers Rush To Beat Jan 1 Ban Deadline Budget 2017: S-South, S-East get N52.8bn for road projects Ajimobi presents N207bn ‘budget of self reliance’ for 2017 Ahmed presents N135b budget estimate Nigeria imports rice, wheat with N1tr annually, says CBN NNPC says airlines can’t pay for aviation fuel Power generation hits 4,000MW *Happy new year in advance.*